Interesting move was going from $GLD for owning physical gold and storing it because “storage was cheaper than GLD fees”…. kind of gives a bit more credence to all the gold commercials we see on TV.
Also bought Dow Chemical (DOW) at $10 and sold at $12 “way too soon”.
It is a 5 page letter and worth the tie to read (click all images to enlarge). The quote at the end is simply the best…..read it to see it
Disclosure (“none” means no position):